Romanian Man Sentenced In 'Phishing' Scam
RENEE MONTAGNE, host:
And our last word in business today is hooked. A federal judge yesterday sentenced a 23-year-old Romanian man to four years in jail for his involvement in an international phishing ring. We're not talking about salmon fishing. We're talking about the phishing spelled with a ph. It's a kind of scam, if you hadn't heard this, in which criminals send emails luring people to fake Web sites - say, one that looks like your own bank. Unsuspecting Internet users are asked to put in sensitive data - say, like your credit card number.
This is the first time a foreigner has been sentenced for phishing in the U.S. Authorities say this Romanian young man stole hundreds of thousands of dollars, but he's still considered a small fry. According to one estimate, phishing netted more than $3 billion in one recent year alone.
And that's the business news on MORNING EDITION from NPR News. I'm Renee Montagne.
STEVE INSKEEP, host:
And I'm Steve Inskeep.
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